11.04.2012 - Emerging market currencies tumble on gloomier global backdrop
Emerging market currencies tumbled Tuesday as concerns about global growth and the euro-zone debt crisis dominated markets. Data overnight from China showing weaker imports in March spooked markets, especially commodity-producing economies who rely on Chinese demand. Meanwhile, investors were still digesting Friday's disappointing U.S. jobs data, which renewed worries that the U.S. economic recovery could stall and remove one of the few pillars of growth..............................................Full Article: Source
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